New Issue: Morgan Stanley sells $3 million fixed-income securities on Russell, S&P, Dow

By Kiku Steinfeld

Chicago, June 9 – – Morgan Stanley Finance LLC priced $3 million of 5% fixed income securities due Aug. 11, 2022 linked to the lesser performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Each quarter, the notes will pay a fixed coupon at the rate of 5% per year.

The payout at maturity will be par plus the coupon unless either index finishes below its barrier level, 70% of its initial level, in which case investors will lose 1% for every 1% decline of the lesser-performing index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Fixed income securities
Underlying indexes:	S&P 500 index, Russell 2000 index, Dow Jones industrial average
Amount:	$3 million
Maturity:	Aug. 11, 2022
Coupon:	5% per year, payable quarterly
Price:	Par
Payout at maturity:	Par plus the coupon unless either underlier finishes below its barrier level, in which case investors will lose1% for every 1% decline of the lesser-performing index
Initial levels:	34,548.53 for Dow, 2,241.421 for Russell, 4,201.62 for S&P
Barrier levels:	24,183.971 for Dow, 1,568.995 for Russell, 2,941.134 for S&P; 70% of initial levels
Pricing date:	May 7
Settlement date:	May 12
Agent:	Morgan Stanley & Co. LLC
Fees:	0.25%
Cusip:	61771VN22

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